- Indian equity futures turned bullish after Trump paused military strikes on Iran for five days
- GIFT Nifty surged over 4% and traded 3.67% higher at 23,327 as of 4:51 p.m. IST
- Trump cited productive US-Iran talks and deferred strikes on Iranian power plants and infrastructure
The Indian equity futures turned bullish after US President Donald Trump announced a five day pause on all military strikes against Iranian power plants and infrastructure on Monday.
GIFT Nifty jumped over 4% or 870 points after the announcement and traded 3.67% or 824.50 higher at 23,327 as of 4:51 p.m. IST., indicating an opening in the green for the upcoming sessions. Taking to his social media account, Truth Social, the Republican President said that America and Iran have had "productive conversations" for the resolution of hostilities in the Middle East in the last two days.
"I am please to report that the United States of America, and the country of Iran, have had, over the last two days, very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East," he stated in the post
Taking the talks into account, Trump said he has deferred "any and all" military strikes against Iranian Infra and power plants.
"Based on the tenor and tone of these in depth, detailed, and constructive conversations, witch will continue throughout the week, I have instructed the Department of War to postpone any and all military strikes against Iranian power plants and energy infrastructure for a five day period, subject to the success of the ongoing meetings and discussions. Thank you for your attention to this matter!", his post highlighted.
Market Storms
The war, which began on Feb. 28, 2026 after Israel and US launched joint strikes on Iran, stirred turmoil in equity markets around the globe.
Indian equity benchmarks resumed declines after a one-day breather on Friday. The BSE Sensex closed 2.46% lower, or 1,836 points, to 72,696.39 and the NSE Nifty 50 fell as much as 2.6% to 22,512.65. Intraday, Nifty 50 fell 2.78% to 22,471.25 and Sensex was down 2.65% to 72,558.44. All 15 sectoral gauges compiled by thee NSE traded lower, led by the NSE Nifty Metal Index's 4.8% fall.
Meanwhile, the rupee hit fresh record low and closed 25 paise lower at 93.95 against the US dollar. Besides, Brent crude for May delivery rose 1% to $113.32 a barrel, reversing earlier losses.
ALSO READ: 'Trump Backed Down': Iran Media Denies Direct Talks After US Holds Off Energy Strikes
The weakness was even more pronounced across Asia. South Korea's Kospi tumbled 6.49%, while Japan's Nikkei 225 slid 3.48%. Hong Kong's Hang Seng dropped 3.54%, China's Shanghai Composite fell 3.63%, and Australia's ASX 200 eased 0.74%. Japan's broader Topix index also lost 3.4%, while South Korea's Kosdaq retreated nearly 5.56%. Trading in South Korea was temporarily halted after Kospi 200 futures plunged more than 5%, triggering circuit-breaker rules.
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